General Accountant

Over the Rainbow Ltd.; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A family-owned retail business in Toronto is seeking a dedicated General Accountant to oversee financial operations and ensure accurate financial reporting. The ideal candidate has over 5 years of experience, strong accounting principles, and proficiency in QuickBooks and Microsoft Excel. This full-time role involves tasks such as maintaining general ledger accounts, processing invoices, and supporting payroll preparation.

Qualifications

• 5+ years of relevant work experience in a similar capacity.
• Strong knowledge of accounting principles, practices, and regulations.
• Experience in the fashion/retail industry is a plus.

Responsibilities

• Maintain and reconcile general ledger accounts.
• Process invoices and manage vendor payments.
• Assist in tracking inventory costs.

Skills

Accounting principles

Organizational skills

Communication skills

Decision-making

Attention to detail

Education

Degree in Accounting, Math, Finance, or related field

Tools

QuickBooks

Microsoft Excel

Job description

Overview

Over the Rainbow is an independent, family-owned retail / online boutique that is passionate about brands and clothing of the highest quality and style. Our buying decisions are driven by the four F’s: fit, fabric, finish, and function.

Our General Accountant is a highly organized and detail-oriented individual who oversees the daily accounting function, ensuring accurate financial analysis, management and reporting. The overall goal of this position is to support the financial health of our retail operations.

Responsibilities

• Financial Record-keeping: Maintain and reconcile general ledger accounts, ensuring accuracy and completeness of financial data.
• Accounts Payable / Receivable: Process invoices, manage vendor payments, balances and statement disputes, and ensure timely collection of receivables.
• Inventory Management: Assist in tracking inventory costs, including regular audits and reconciliations.
• Compliance: Ensure compliance with accounting standards and company policies, including tax regulations and reporting.
• Process Improvement: Identify opportunities to enhance accounting processes and implement best practices.
• Ongoing Financial Tasks: Bank deposits, reviewing daily cashier reports, bank and credit card reconciliations, and daily sales entries.
• Payroll Support: Support bi-weekly payroll preparation on the ADP platform.

Qualifications

• Education: Degree in Accounting, Math, Finance or a related field. A professional accounting designation is a definite asset.
• Experience: 5+ years' relevant work experience in a similar capacity, preferably overseeing Finance function within a small / medium-sized business. Fashion / Retail industry experience is a plus from a Finance perspective.
• Accounting Acumen: Proven, strong knowledge of accounting principles, practices, and regulations.
• Communication Skills: Frequent communication combined with active listening is key for building relationships with both internal and external teams and stakeholders.
• Organizational Skills: Managing multiple tasks simultaneously requires strong organizational skills for prioritizing tasks, executing both last-minute and long-term tasks, and meeting deadlines.
• Technology Proficiency: Comfortable leveraging technology and learning new technologies to streamline operations and enhance productivity. Proficient with Microsoft Office tools.
• Accounting Tools: Skilled in using accounting software tools, specifically QuickBooks and Microsoft Excel.
• Teamwork: Ability to collaborate with Over the Rainbow teams and contribute to our culture.
• Decision-Making: Ability to make timely and strategic decisions based on data analysis, insights, and business objectives.
• Attention to Detail: A keen eye for detail to ensure tasks are completed efficiently and accurately.

Job Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Accounting / Auditing and Finance
• Industries: Retail